This almost 30,000 sq ft land assembly in the Annieville neighborhood of North Delta offers an exciting opportunity for multifamily development. Its location within 800 meters of Transit-Oriented Areas enhances accessibility. The new Delta OCP permits up to 6 storeys, allowing for flexible design and density. Major amenities are within walking distance, making it appealing to potential residents. The existing house generates $3,000 in rent (total land assembly rent is $10,000), providing immediate cash flow. Preliminary drawings suggest the potential for around 110 units. The application process for submission to the City of Delta has commenced. This land assembly involves 5 properties and must be sold in conjunction with 11868-87 Ave, 11872-87 Ave, 11853-86A Ave, and 11867-86A Ave.
| Address | 11854 87 AVENUE |
| List Price | $2,600,000 |
| Property Type | Residential Detached |
| Type of Dwelling | House/Single Family |
| Style of Home | Basement Entry |
| Area | N. Delta |
| Sub-Area | Annieville |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Floor Area | 1,968 Sq. Ft. |
| Lot Size | 7474 Sq. Ft. |
| Year Built | 1959 |
| MLS® Number | R2935887 |
| Listing Brokerage | Century 21 Coastal Realty Ltd. |
| Basement Area | Fully Finished |
| Postal Code | V4C 3A1 |
| Zoning | RD3 |
| Tax Amount | $4,926 |
| Tax Year | 2024 |
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